The business of
climate change
The business implications of a carbon constrained world are becoming clearer as the rules for an Australian emissions trading scheme evolve and investment in renewable energy grows.
Under the new constraints, taking different investment options, or engineering financial and other processes to realise competitive advantage, presents an opportunity to harness the core talents of your business.
We strive to share this experience with you and support your transition into a carbon constrained world as trusted advisers in carbon markets and cleantech. Below you will find some of our latest thinking.
In response to the Government's Carbon Pollution Reduction Scheme Green Paper released 16 July 2008, our climate change team has prepared Developing your carbon strategy: How to respond to the Green Paper (pdf, 1238kb), the second paper in our business of climate change series. It will help you digest the framework the Government is currently proposing, assess your position in terms of liability, compliance and the steps needed for immediate action.
Specifically, we address four key questions:
- How does the emissions trading scheme impact me?
- What does this mean for liable entities?
- What should I include in my Green Paper submission?
- What are my next steps?
Garnaut Climate Change Review
Against the backdrop of the Garnaut Report, our paper The Australian Emissions Trading Scheme: Getting down to business (pdf, 640kb) is the first in a series by Ernst & Young to prepare your business for the implementation of climate change regulation.
The Garnaut Review: Business highlights (pdf, 766kb) overviews the key aspects of Professor Garnaut’s draft report that, if accepted, will impact business.
To help plan for the changes the scheme will bring, business needs to understand the different impacts of the design options under consideration by the Australian government. Explaining emissions trading scheme design features (pdf, 398kb) does just that.
For further information on developments in climate change regulation visit:
Department of Climate Change
Climate Change & Sustainability Services
Sustainability isn’t simply good business behaviour, it’s good business too. For your organisation to achieve its potential, you need to make sure your activities and performance are sustainable in the long term.
Green paper lifts haze on tax issues
The Australian Government’s Green Paper on the Carbon Pollution Reduction Scheme outlines the scope of the proposed emissions trading scheme, including detailed consideration of the taxation implications. This Tax insight (pdf, 215kb) focuses specifically on the tax issues listed for consultation to assist businesses to understand the potential implications.National Greenhouse and Energy Reporting Act
This summary of the National Greenhouse and Energy Reporting Act (2007), explains the reporting thresholds and requirements that Australian businesses need to be aware of (pdf, 137kb).
Partnerships for Cleantech
As the world economy changes, cleantech has moved from vision to reality. Get insight into global trends and developments, as well as perspectives on IPOs and venture capital investments and possible exits, in “Partnership”, our first annual cleantech report.
Climate change and its potential tax implications
Ernst & Young and the Institute of Chartered Accountants in Australia have called on Government to address the tax implications of Australia’s Emissions Trading Scheme to give business certainty. A new report also highlights the potential for tax incentives to help drive behavioural change on carbon emissions.
Climate change
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Contact us
Oceania Leader - Climate Change and Sustainability Services
Ruth Picker
Tel: +61 3 9288 8620
National Climate Change Leader
Dr Lorraine Stephenson
Tel: +61 7 3011 3284
Melbourne
Mathew Nelson
Tel: +61 3 9288 8121
Tristan Edis
Tel: +61 3 9288 8026
Perth
Michele Villa
Tel: +61 8 9429 2193
Sydney
Dr. Marc Newson
Tel: +61 2 9248 5659
Trent van Veen
Tel: +61 2 9248 4551